Jumat, 15 Januari 2010

NEW PETROL AND CAR PRICES IN MALAYSIA?

PUTRAJAYA, Jan 8 – The mechanism for fuel pricing in Malaysia has finally been finalized and controlled under

one
mechanism, which also takes the high and lower income group people into consideration,according to

Finance Trade
Minister Tan Sri Anuar Ali.


“From May 1, the fuel will be pegged at RM 3.90 per litre for RON97,while RON95 will increase to RM 3.70 per

litre.
However, the prices of national-made vehicles will be lowered by at least 40 percent. For example, a

full-spec family sedan
Proton Persona 1.6 litre engine will cost around RM 23,000.00 excluding road tax and

insurance. Import tax and excise
duty will be revised to only 30 percent, from the current 200 percent.

Imported vehicles such as the new Toyota Camry 2.4
litre engine will cost around RM 65,000.00.” he said.


The mechanics has been said to be undertaken by a team of experts from Australia and Canada who were

earlier briefed on
the issue of subsidy in this country, whereas after consideration by the transport minister,

they have signed the
constitution that the system will be made on May 1, the day it goes into effect.


Under the new system, there will be a major effect on the existing consumers who have already purchased a

vehicle and to
those who are inthe midst of repaying the loan of their vehicle to their financial institutions.

Ahmad Tajuddin said the government might also re-introduce a cash return annually to Malaysians who own a

1,500 cc and
below vehicle. The amount have yet to be decided but he assured that the amount will compensate

the price of fuel by at
least half to eligible Malaysians based on bumi quota.

From, Skynet News Asia

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